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More Good Iron Ore News

On February 03 2019

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MORE GOOD IRON ORE NEWS

As the A$ iron ore price reaches very attractive levels (well in excess of A$100/t for 62% fines) the Grants Iron Ore Basin exploration work continues to produce positive results as summarised below. In another positive development, SIMEC Mining, the recent purchasers of the Whyalla steelworks, have elected to extend their due diligence investigation of the commercialisation potential of Havilah's iron ore projects by a further two months by making an immediate payment to Havilah of $1million. The favourable logistics and association with SIMEC Mining are positives for the ultimate development of Havilah's iron ore assets, which currently are assigned no value by the market.

IRON GRADES INCREASE 18% IN
LAB ASSAYS

�18% average increase in grade confirmed by laboratory assays of percussion drilling samples vs. earlier reported field Niton XRF iron analyses.
� Upgraded intersections include 296m @ 24.37% Fe, 272m @ 25.48% Fe and 254m @ 26.21% Fe.

Click on the Grants Iron Ore Basin landscape to view the announcement (acknowledgement to Sean Burgan, Havilah driller, for the drone photo of recent drilling activities)

486 METRE IRON ORE INTERSECTION

� Grants Iron Ore Basin diamond drillhole GBDD014 has been completed at a final depth of 624.4m.
� The hole has intersected a significant 486m downhole thickness of iron bearing sequence based on a combination of handheld Niton XRF analyses, magnetic susceptibility readings and geological logging.
� Systematic handheld Niton XRF (NT_XRF) analyses produced a downhole intersection of 486m @ 24.06% iron (Fe) (from 127m to 613m).

Click on the cross section above that shows the new diamond drillhole and the interpreted basin floor to view announcement.

SIMEC EXCLUSIVITY EXTENDED

� SIMEC Mining (an affiliate of the GFG Alliance) elects to extend exclusivity on Maldorky and Grants iron ore projects.
� Havilah to receive payment of $1 million for the extension until 31 March 2019.

Click here to view the announcement

PROACTIVE INVESTORS VIDEO INTERVIEW

Proactive Investors Video Interview on Grants Iron Ore Basin Discovery Update
Dr Chris Giles, Havilah's technical director, is interviewed by Proactive Investors about recent developments on the Grants Iron Ore Basin exploration. View the video on this link to see the interesting props he uses to illustrate his points.

Proactive Investors Deep Dive on Havilah
Havilah speaks to its recent achievements on Proactive Investors Deep Dive here.

For further information visit the Company website:
www.havilah-resources.com.au or contact:
Dr Chris Giles, Technical Director,
info@havilah-resources.com.au

Copyright � 2018 Havilah Resources Limited All rights reserved.
http://www.havilah-resources.com.au

Our mailing address is:
164 Fullarton Road
Dullwich SA 5065
Australia

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